Overview: The mining pundits have during this heady time for the most part repeatedly called it wrong when it came down to anticipating the staying power of Molybdenum prices and the sustained increase of world demand that isn’t going away anytime soon. From early 2005 onward I read the first of many analysts calling for a return to the single digit price range for the silvery metal and we still have many thinking the same thing today. It does seem however that those who are involved in the production of Moly, as well as many of the end users are not buying it. (the story that is) No the end users are buying Moly and although we saw a drop in sales demand thru the last 2-3 months because many of these end users were well stocked and although this is the time of refitting and refurbishment for many steel mills, the price still fell very little from $28.00 area to $25.00 range and has since held.

Overview: Primary moly production is a necessary component in the market due to its higher quality, which is necessary to blend with what is often an off spec product coming out of the byproduct mines.